Legacy Trust Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Legacy Trust purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,415 shares of the company's stock, valued at approximately $258,000.

Several other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC boosted its position in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the sale, the director now owns 100,923 shares of the company's stock, valued at approximately $7,748,867.94. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. Corporate insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on PLTR shares. Mizuho raised their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a research report on Friday, December 13th. Morgan Stanley restated an "underweight" rating and issued a $60.00 price target on shares of Palantir Technologies in a research note on Monday, January 6th. Jefferies Financial Group downgraded Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Argus cut Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Baird R W upgraded Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.61.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $1.46 during midday trading on Thursday, reaching $81.22. The stock had a trading volume of 45,751,701 shares, compared to its average volume of 68,153,742. The stock's 50-day simple moving average is $72.94 and its 200 day simple moving average is $50.10. The stock has a market capitalization of $185.02 billion, a PE ratio of 406.12, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company's revenue was up 30.0% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Equities analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.